Which elasticity measures producers' responsiveness to a change in price?

A productivity growth slowdown can be shown as year-to-year fluctuations of real GDP around potential GDP

Indicate whether the statement is true or false

Figure 10-1

If the price level in Figure 10-1 were 100,

a.
firms would have to lower their prices.

b.
inventories would be accumulating.

c.
shortages of goods would exist.

d.
aggregate quantity demanded would exceed aggregate quantity supplied.

e.
both c and d would occur.